Financial giants SBI Holdings and Startale Group have teamed up to launch JPYSC, a new digital stablecoin pegged to the Yen. It is officially Japan’s first stablecoin backed by a Trust Bank, making it one of the most secure and regulated digital currencies in the world.
The new coin is issued by SBI Shinsei Trust Bank and is designed to follow Japan’s strict 2022 financial laws.
Backed by Trust Bank
Not the same as the older digital versions of the Yen, JPYSC is backed by actual money and liquid assets held in a trust. Here, it is protected and regulated by the government, giving businesses the safety to use it for large transactions without the risks related to the volatile crypto market.
The main goal for the JPYSC is not just person-to-person payments; the goal is to use JPYSC for high-speed corporate settlements, managing company funds, and even allowing AI programs to pay each other automatically for services.
Sota Watanabe, the CEO of Startale Group, stated that their yen-denominated stablecoin is beyond a simple tool for daily transactions, suggesting instead that it will serve as a core element for an on-chain ecosystem.
As for now, the digital asset space is dominated by the US Dollar, which is over 90% of the market. By launching JPYSC in early 2026, Japan is trying to bring the Yen into the digital age so it can compete on the global stage.
This move comes during Japan’s Digital Year, as the country races against places like Hong Kong and South Korea to become the top crypto hub in Asia.
As more companies move their business onto the blockchain, having a regulated, bank-backed Yen will make it easier for traditional banks and new tech companies to work together.
With an expected launch in the second quarter of 2026, JPYSC could soon become the primary way the world trades with Japanese businesses digitally.
